In progress now Gap at the open · Runs, breaks and structure · reading down
206 hits in 309 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Fri 30 Apr 2021
Gap at the open completed on the candle that closed at Fri 30 Apr 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 16.40, -4.93% below the previous close of 17.25.
What this pattern is taken to mean
The session opened at least X% away from the previous close. Read as news or flow arriving overnight.
What followed on this name's own record
After 196 earlier hits on this name's daily candles, the close 10 sessions later went the hit's own way (up after an up reading, down after a down one) 100 times of 196 (51%). Median move in the hit's direction +0.49%; best +42.27%, worst -65.52%. Within the window the move typically reached +9.43% in the hit's favour and -7.44% against it. On this name that is a coin toss.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · pct = 1
- At the first candle of each session, compare its open with the last close of the previous session.
- Gap % = open / previous close − 1.
- The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
- On daily candles this is simply open vs the previous day's close.
The last 12 hits on this name
- Fri 30 Apr 2021 down Opened at 16.40, -4.93% below the previous close of 17.25.
- Thu 29 Apr 2021 up Opened at 17.30, +2.98% above the previous close of 16.80.
- Wed 28 Apr 2021 up Opened at 16.95, +3.99% above the previous close of 16.30.
- Tue 27 Apr 2021 up Opened at 16.55, +3.44% above the previous close of 16.00.
- Mon 26 Apr 2021 down Opened at 15.75, -2.78% below the previous close of 16.20.
- Fri 23 Apr 2021 up Opened at 16.70, +2.77% above the previous close of 16.25.
- Thu 22 Apr 2021 up Opened at 17.40, +2.65% above the previous close of 16.95.
- Tue 20 Apr 2021 up Opened at 18.35, +3.09% above the previous close of 17.80.
- Mon 19 Apr 2021 down Opened at 17.70, -2.75% below the previous close of 18.20.
- Fri 16 Apr 2021 down Opened at 18.10, -3.72% below the previous close of 18.80.
- Thu 15 Apr 2021 down Opened at 18.00, -2.44% below the previous close of 18.45.
- Tue 13 Apr 2021 up Opened at 19.70, +1.55% above the previous close of 19.40.